Three bedroom house City of Cleveland, Cuyahoga County, Ohio, USA 3 Bed Townhouse £35,276 | €39,285 | $47,900 Request a Currency Exchange Quote Here

This large three bedroom house is a rare find at $47,900..

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Property Attributes

Building Characteristics

Detatched

Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41620049

This very nice three bedroom single family home is located on a nice street in
Corlett and is just 1.2 miles to John Adams College, one of the leading schools in
Cleveland.
The property consists of three spacious bedrooms, two bathrooms, a large lounge
diner, a full basement and a large rear garden. The property already has tenants
in place paying $800 in rent each month.
The property is under management by a great local Cleveland property
management company.

Corlett is viewed as a very central location in Cleveland Ohio, it is just 7.7 miles
from Downtown and 5.3 miles from University Circle. Also just 1.4 miles away you
have Lee Harvard shopping centre. The property is also just 1.2 miles to John
Adams College, one of the best schools in Cleveland..

 

Investment Calculation

Purchase price: 47,900

Gross annual rental income: $9,600

Property running costs: $2,240
(Tax, insurance and management costs)

Net annual rental income: $7,360

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 16%

Break even in 6.25 Years
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